Mirabaud & Cie SA Purchases Shares of 1,658 The TJX Companies, Inc. (NYSE:TJX)

Mirabaud & Cie SA purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,658 shares of the apparel and home fashions retailer’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the company. Fiduciary Wealth Partners LLC purchased a new position in TJX Companies during the 1st quarter valued at approximately $284,000. TIAA Trust National Association grew its holdings in TJX Companies by 20.1% during the 1st quarter. TIAA Trust National Association now owns 233,991 shares of the apparel and home fashions retailer’s stock valued at $28,500,000 after buying an additional 39,155 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in TJX Companies by 10.7% during the 1st quarter. Baker Avenue Asset Management LP now owns 6,619 shares of the apparel and home fashions retailer’s stock valued at $806,000 after buying an additional 640 shares in the last quarter. Commerce Bank boosted its holdings in shares of TJX Companies by 24.3% in the 1st quarter. Commerce Bank now owns 136,824 shares of the apparel and home fashions retailer’s stock worth $16,665,000 after purchasing an additional 26,711 shares during the period. Finally, Hopwood Financial Services Inc. boosted its holdings in shares of TJX Companies by 22.7% in the 1st quarter. Hopwood Financial Services Inc. now owns 898 shares of the apparel and home fashions retailer’s stock worth $109,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 1.1%

Shares of NYSE TJX opened at $125.89 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $125.01 and a two-hundred day simple moving average of $124.45. The firm has a market cap of $140.63 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 14th. TJX Companies’s payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities lifted their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Finally, Robert W. Baird lifted their target price on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $141.06.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.